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Nov 19, 2012
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you see what nancy pelosi said, what john boehner has been saying. then you go back to the president's press conference taking a pretty tough decisive tone on susan rice and then you look at what's happening and also his position on the tax increases. take all of that together, it looks like more of the same. do you sense and from your reporting are we just having people circle each other or are their feet in stone? >> i think there's still some areas where people can get to the right place. the two things i keep thinking about is the business community, i think, what steve says is exactly right. it seems like from the outside, what they want more than anything is certainty. it's not just moment to moment. it's minute to minute. it's crisis to crisis. and that is an atmosphere that's not conclusive towards optimal economic activity. this notion of trying to get to long-term stability but not having short-term austerity measures would be too depressed on consumer activity seems like where we need to end up and a lot of pressure from republicans to the
you see what nancy pelosi said, what john boehner has been saying. then you go back to the president's press conference taking a pretty tough decisive tone on susan rice and then you look at what's happening and also his position on the tax increases. take all of that together, it looks like more of the same. do you sense and from your reporting are we just having people circle each other or are their feet in stone? >> i think there's still some areas where people can get to the right...
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Nov 12, 2012
11/12
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boehner seemed to be saying i am going to close loopholes and use the revenue. not just growth, but use the re-knew from closing the loopholes to cut the deficit. are you accepting that or not? >> i think that is the formul formula. that is the way we reach agreement. you can close the loophole -- >> chris: it's not the growth. taking the money, tax expenditures through the loopholes and giving, using it as a deficit savings. >> as long as you close the loopholes and limit the deduction, limit credits. formula for a solution. >> real solution. >> chris: senator corker, you have a draft plan you have been circulating to a number of members in the senate. is there a deal here? >> i think there is a deal. the ying and yang of this is we know there has to be revenues. look, i haven't met a wealthy republican or democrat in tennessee that is not willing to contribute more. as long as they know we the problem. the ying of revenue, we understand. i think there is a very good pro-growth way of putting that place, so you are getting revenues from people like me and other
boehner seemed to be saying i am going to close loopholes and use the revenue. not just growth, but use the re-knew from closing the loopholes to cut the deficit. are you accepting that or not? >> i think that is the formul formula. that is the way we reach agreement. you can close the loophole -- >> chris: it's not the growth. taking the money, tax expenditures through the loopholes and giving, using it as a deficit savings. >> as long as you close the loopholes and limit the...
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Nov 13, 2012
11/12
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speaker boehner says revenues are on the table but we have news for him, when it comes to hiking the taxes, democrats do plan to run the table reportedly not keen on a republican plan to only close loopholes that curb deductions to raise revenue. and democratic leaders expect that and a rate increase, a move that could conceivably send the top rate closer to 45 percent tan the 40 percent they talking about now. when you throw in added surtaxes to pay for health care, the "wall street journal" reporter says you could be look at 50 percent top rate. or more. here we go. >>reporter: that is true if the live in the state of california or someone like you would works, why know if you live in new york but you work in w york and the tax rates in new york city could go do 50 percent and california as high as 52 percent, we have not seen rates that high since the 1970's. >>neil: leave aside what will happen on health care people forget this is a lot more than just returning to the clinton top rate of 39.6 percent. it is about going well beyond that and the fact that democrats are feeling thei
speaker boehner says revenues are on the table but we have news for him, when it comes to hiking the taxes, democrats do plan to run the table reportedly not keen on a republican plan to only close loopholes that curb deductions to raise revenue. and democratic leaders expect that and a rate increase, a move that could conceivably send the top rate closer to 45 percent tan the 40 percent they talking about now. when you throw in added surtaxes to pay for health care, the "wall street...
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Nov 12, 2012
11/12
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speaker boehner was asked this week whether the republican drive to kill obamacare, is dead. here's what he said: >> it is pretty clear the president was reelected. obamacare is the law of the land. >> chris: question: do most house republicans, do you agree with speaker boehner, repeal of obamacare with this election, with his re-election, is dead? >> no. as a physician i can tell you that the reason -- we're not opposed to the president's health care law because of the election, we're opposed because it is bad policy and bad for the patients across this land. we actually must get a handle on this spending in this country and in order to do that, it has to be through medicare and medicaid reform an social security reform, all three programs under current law are destined for fewer. we need fundamental reforms to save and strengthen and secure the programs for this generation and, future generations, that is what really -- >> the election, yes, you still have the majority in the house but you lost the election on the presidential level, and you will not kill obamacare for the
speaker boehner was asked this week whether the republican drive to kill obamacare, is dead. here's what he said: >> it is pretty clear the president was reelected. obamacare is the law of the land. >> chris: question: do most house republicans, do you agree with speaker boehner, repeal of obamacare with this election, with his re-election, is dead? >> no. as a physician i can tell you that the reason -- we're not opposed to the president's health care law because of the...
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Nov 12, 2012
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the question is, this is -- i think a lot of it is on john boehner and mitch mcconnell. can they say to the base of the party, we need to make this deal. it is good for us politically. it is good for the country policy wise, and we need to move on, or do the grovers of the world win out? >> david, thank you very much. chris cillizza. coming up, more fallout from the david petraeus situation. we'll talking to david ignatius. hey sis, it's so great to see you. you, too! oh, cloudy glasses. you didn't have to come over! actually, honey, i think i did... oh? you did? whoa, ladies, easy. hi. cascade kitchen counselor. we can help avoid this with cascade complete pacs. over time, the other premium pac can leave cloudy, hard water deposits, but cascade complete pacs help leave glasses sparkling. shiny! too bad it doesn't work on windows. okay, i'm outta here. more dishwasher brands in north america recommend cascade. in north america is bigger than we think ... sometimelike the flu.fer from with aches, fever and chills- the flu's a really big deal. so why treat it like it's a l
the question is, this is -- i think a lot of it is on john boehner and mitch mcconnell. can they say to the base of the party, we need to make this deal. it is good for us politically. it is good for the country policy wise, and we need to move on, or do the grovers of the world win out? >> david, thank you very much. chris cillizza. coming up, more fallout from the david petraeus situation. we'll talking to david ignatius. hey sis, it's so great to see you. you, too! oh, cloudy glasses....
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Nov 13, 2012
11/12
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to be speaker boehner, a lot of publicans running with tail between their tails here. on deep end like tax, immigrations and reform. they may be caving onssues that tea partiers held near and dear. dick armey, a big tea party player, freedom works, how do you feel about that for one of a better term, dressing down on part of speaker boehner on republican troops, tea partiers included. many, made him the speaker. >> well, let me say i love john boehner like a brother, i don't envy him the position he is in. but i am also reminded of what ronald reagan taught us years ago, good polic makes good politics, john boehner needs to emphasis economic growth, is the way to get increed revenue. and there is two ways to -- two imperatives, dress down reduce, and discipline our government run among so there is confidence to grow in private sector then a tax system that accommodates that growth. you will dress a tax system of this country, from theoint of view of what is fair, have you taken the most simple minded way to address taxes. taxes are about raising the necessary revenue t
to be speaker boehner, a lot of publicans running with tail between their tails here. on deep end like tax, immigrations and reform. they may be caving onssues that tea partiers held near and dear. dick armey, a big tea party player, freedom works, how do you feel about that for one of a better term, dressing down on part of speaker boehner on republican troops, tea partiers included. many, made him the speaker. >> well, let me say i love john boehner like a brother, i don't envy him the...
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Nov 18, 2012
11/12
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before hand, speaker boehner had a hard time getting some of his more conservative members to buy in to certain concrete hiatt -- compromises. going forward, we will have to see if the tea party conservatives will seem to have the same support. the president now has the upper hand and when he talks to speaker boehner he will have to take that message back and he gets a little bit more behind him. >> week and a shop with a meeting between the leaders and the white house. what is the dynamic? >> it will be very interesting to see. hopefully we will hear from them exactly what their conversation was with the president. it is unlikely that we're going to see a detailed agreement on specific issues. are we going to hear about tax breaks or how entitlement reform is going to happen in the deal? on not sure. these figures are going to be out there. they're all going to be scrambling to set the tone in the way that they want to set it. of they will have discussions like the democratic leaders also say let these are the areas where we made clear to republican leaders where we are not going to
before hand, speaker boehner had a hard time getting some of his more conservative members to buy in to certain concrete hiatt -- compromises. going forward, we will have to see if the tea party conservatives will seem to have the same support. the president now has the upper hand and when he talks to speaker boehner he will have to take that message back and he gets a little bit more behind him. >> week and a shop with a meeting between the leaders and the white house. what is the...
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Nov 12, 2012
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gregg: so, steve is john boehner right or crystal right. >> john boehner gets an a in economics. he's precisely right. a large percentage of the income that barack obama wants to tax at the higher rate is small business income. the other part of it that the speaker didn't mention is the other big component of that income is investment income the money that the people put into the small businesses to create them in the first place. doug knows this very well that one of the big problems we have in the economy right now is businesses aren't inch investigating, they are not expand -lg your operations. can you think of a worst time to raise the tax rate on investment when investment went negative in the last quarter? if businesses are not investing they can't hire more workers and i agree with doug it could cause a ou double-dip recession. gregg: if you force higher income americans to pay more in taxes not through increasing their tax rates but rather closing the loopholes, deductions, credits and so on and so forth, that is still a net increase on that important sector. so how is th
gregg: so, steve is john boehner right or crystal right. >> john boehner gets an a in economics. he's precisely right. a large percentage of the income that barack obama wants to tax at the higher rate is small business income. the other part of it that the speaker didn't mention is the other big component of that income is investment income the money that the people put into the small businesses to create them in the first place. doug knows this very well that one of the big problems we...
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Nov 12, 2012
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i think you heard john boehner say that already. we've had votes in the senate where we've actually gotten rid of tax credits. i think that's a given. and i think the vast majority of americans agree with that. the question is how do you do that and how do you allow taxes to rise at the same time you fix the real problem? and the real problem is uncontrolled entitlement spending and a government that has grown massively. not just under this administration, under republican administration. >> let me turn to senator schumer on this point. >> so you have to approach both sides of it. >> let me turn to senator schumer. i'm going to ask you the same question. if the mandate is compromised, what do democrats have to be prepared to accept as a painful outcome in order to achieve compromise? >> well, i agree with you, the mandate is compromise. that's why we have a divided house and senate. and i think if the house stands for anything it's cut government spending, as tom coburn said, and i think we're going to have to do more of it. we hear
i think you heard john boehner say that already. we've had votes in the senate where we've actually gotten rid of tax credits. i think that's a given. and i think the vast majority of americans agree with that. the question is how do you do that and how do you allow taxes to rise at the same time you fix the real problem? and the real problem is uncontrolled entitlement spending and a government that has grown massively. not just under this administration, under republican administration....
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Nov 12, 2012
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boehner rejects the idea of letting the bush administration upper income tax cut expire. >> instead of raising tax rates on american people and accepting the damage it will do to the economy, let's start to solve the problem. >> focus on tax reform to closeer the loopholes and lower tax rate. >> tax reform in seven weeks before the end of the year is a tall if not impossible task. some lawmakers want to buy time. others don't believe lowering tax rate raises revenue. >> fairly tell. we need the republicans to do in 2012 what we did in 2010. we hear the mandate. continue to cut spending. they have to hear the mandate. >> the players haven't changed but instead of huddling around the table in the cabinet room as he and congressional leaders did in failed negotiation last year, the president may hold series of post thig rally to lock in the bush administration middle income tax rate, that conservative commentator bill crystal suggests is a no-brainer. >> it won't hurt the country if we raises a little bit on millionaires. it won't. >> why would they fall on the sword for millionaires half
boehner rejects the idea of letting the bush administration upper income tax cut expire. >> instead of raising tax rates on american people and accepting the damage it will do to the economy, let's start to solve the problem. >> focus on tax reform to closeer the loopholes and lower tax rate. >> tax reform in seven weeks before the end of the year is a tall if not impossible task. some lawmakers want to buy time. others don't believe lowering tax rate raises revenue. >>...
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Nov 14, 2012
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how will it affect the upcoming talks with john boehner? two top-tier negotiators give their insight into how the meeting could unfold. >>> and trading places. charles schwab ceo talks exclues i havely to maria about the current crisis of confidence in the stock market. could a deal on the looming fiscal cliff be just the shot in the arm sagging equities need? that and a whole lot more is ahead on the "closing bell." >>> all right. we want to show you a live picture of the white house. we are waiting for the ceos to start tricking out of the white house. they are in a meeting right now with president obama talking about the fiscal cliff, talking about ways to get the deficit and debt situation in this country in order. as soon as those ceos start coming out, they include the ceo of honeywell, ibm, a number of ceos in industrial businesses. of course, the only financial services representation there is american express. no other bank was invited to this meeting. as soon as these guys and gals start walking out, we'll bring you some interview
how will it affect the upcoming talks with john boehner? two top-tier negotiators give their insight into how the meeting could unfold. >>> and trading places. charles schwab ceo talks exclues i havely to maria about the current crisis of confidence in the stock market. could a deal on the looming fiscal cliff be just the shot in the arm sagging equities need? that and a whole lot more is ahead on the "closing bell." >>> all right. we want to show you a live picture...
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Nov 14, 2012
11/12
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john boehner about a year and a half ago stopped about 800 alien dollars worth of revenue through tax reform. republicans won't give a number now but they want tax reform and an overhau overhauled the entirm to generate new revenue. there was talk about this yesterday with treasury secretary commissioner who said to that idea pretty much forgot about it. >> there is a lot of magical thinking about how much money can raise from tax adventures. people will look at that question and concluded i think incorrectly that there is a huge amount of resources. i think that is untrue. >> a dozen of ceos meet with the president and a couple of hours from now after the president's news conference at 1:30. a number of these executives have been to the white house before. members of the export council, jobs council, ceo of of ge, tao, ford, also say what the white house on the different councils in some form or another. cheryl: we will be taken the tae news conference from the president lives and the ceo will have something to chew on afterwards. thank you very much. dennis: might get a little awkwa
john boehner about a year and a half ago stopped about 800 alien dollars worth of revenue through tax reform. republicans won't give a number now but they want tax reform and an overhau overhauled the entirm to generate new revenue. there was talk about this yesterday with treasury secretary commissioner who said to that idea pretty much forgot about it. >> there is a lot of magical thinking about how much money can raise from tax adventures. people will look at that question and...
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Nov 13, 2012
11/12
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there are -- boehner says down payment now. buy the boehner down payment zbh i don't like the down payment. i would be sorely disappointed if we missed this opportunity. i think somebody was telling me today the budget act of 1990 took 12 days to put in place. we know what all the issues are. i hope we won't be lacking courage just to go ahead and deal with big pieces of this. so -- i am in a different place than you on this. i think we ought to deal a -- in a big way with the fiscal reform. >> you want to grant design. that's very -- interesting point of view. >> doesn't have to be grand. we play to take two bites at it, debt ceiling coming up which i think, by the way, debt ceiling is the more important day personally than the fiscal cliff issue because we are not fiscal cliff is not going to happen. okay. simply is not going to happen. so -- to me, the focus ought to be on solvency and if we can deal with that and take a big step out of that, big step towards solving that, during this december, i agree with you. i think the
there are -- boehner says down payment now. buy the boehner down payment zbh i don't like the down payment. i would be sorely disappointed if we missed this opportunity. i think somebody was telling me today the budget act of 1990 took 12 days to put in place. we know what all the issues are. i hope we won't be lacking courage just to go ahead and deal with big pieces of this. so -- i am in a different place than you on this. i think we ought to deal a -- in a big way with the fiscal reform....
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Nov 19, 2012
11/12
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if speaker boehner can deliver 25, 30 votes, we'd supply the rest of them. there's an easy and quick answer to that. the rest of it, the amt, the farm bill, there are many tax issues besides just the income tax rate we have to resolve, too. i worry about the estate tax done and other ones done if we can, and then push the other matters to next year. >> thank you so much for your time. we greatly appreciate it. talk with you soon, hopefully. thank you. >> thank you. >> the first read team reports there's a sense in the white house they need a cease-fire negotiation in the middle east asap. it could come down to a test of the new egyptian government. nbc's deputy political editor mark murray will join us live. plus, new jersey governor chris christie, you might say he stole the show on "snl." >> you have been wearing that fleece a lot. >> yaeshgs it's basically fused to my skin at this point. >> we'll have more. it's one of the things we thought you should know. >>> welcome back. president obama now on the last leg of his unprecedented trip to southeast asia.
if speaker boehner can deliver 25, 30 votes, we'd supply the rest of them. there's an easy and quick answer to that. the rest of it, the amt, the farm bill, there are many tax issues besides just the income tax rate we have to resolve, too. i worry about the estate tax done and other ones done if we can, and then push the other matters to next year. >> thank you so much for your time. we greatly appreciate it. talk with you soon, hopefully. thank you. >> thank you. >> the...
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Nov 17, 2012
11/12
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the reason is you look at what boehner said. boehner was for a deal last year. we have to figure out what does eric cantor think, what does michele bachmann think, what does rand paul think? john bainer is the leader of the republican party in name, but he often is not leading them in policy. unless we know obama $1 trillion in tax increases, i'm not sure that rush limbaugh is for that right now. until we know that other conservatives outside of john boehner support that idea, it's hard to see where the compromise is. so i think i'm not optimistic either about where we are right now. >> just to jump in, i would echo that. sometimes we analyze these guys like boehner is the ceo. and that may be the case, but he has a board of directors. he's got other stakeholders to deal with. and we've got to see some movement from them if that bipartisanship that you were talking about in the beginning, mara, if that's going to go anywhere. >> i'm sorry, go ahead. >> i would just point out there was real skepticism about whether boehner could deliver a deal with the debt ceili
the reason is you look at what boehner said. boehner was for a deal last year. we have to figure out what does eric cantor think, what does michele bachmann think, what does rand paul think? john bainer is the leader of the republican party in name, but he often is not leading them in policy. unless we know obama $1 trillion in tax increases, i'm not sure that rush limbaugh is for that right now. until we know that other conservatives outside of john boehner support that idea, it's hard to see...
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Nov 16, 2012
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the most interesting thing, though, from the boehner aide was that john boehner believes there is not enough time from now until the end of the year to actually have a grand bargain. there's enough time, though, to put together the framework for what a grand bargain would look like. essentially have the top lines agreed to that by sometime in 2013 you could have both the chambers, the senate and the house, come together on some substantial tax reform, entitlement reform, and get rid of the sort of automatic cuts that we see as a sequester, and the tax increases and have a mechanism you can replace them with. listen to the congressional leaders in their photo op in the white house before thanksgiving that they had today. >> we've put revenue on the table, as long as it's accompanied by significant spending cuts. >> we have a cornerstones of being able to work something out. we're both going to have to give up some of the things that we know are a problem. >> we should have a goal in terms of how much deficit reduction. we should have a deadline before christmas. >> we fully understand
the most interesting thing, though, from the boehner aide was that john boehner believes there is not enough time from now until the end of the year to actually have a grand bargain. there's enough time, though, to put together the framework for what a grand bargain would look like. essentially have the top lines agreed to that by sometime in 2013 you could have both the chambers, the senate and the house, come together on some substantial tax reform, entitlement reform, and get rid of the sort...
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Nov 18, 2012
11/12
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you know, when john boehner appears, they say are you willing to accept higher rates. no one says what are you going to do about entitlements or anything, there's no question of the president whether he will compromise and what that would look like. >> paul: steve, what do you think the republicans ought to do here? is there a way out for them or are they going to be pushed back into a corner where they have no choice, but to concede that they have to raise tax rates or else go over the cliff and get blamed for that? >> well, it's a tough situation for them. there's no question about it because as you know, the default position, if we don't do anything is for the taxes to go up on everybody on january 1st, and that's something i think both sides want to avoid. it's very interesting, the thing that happened this week to start the week, was who was the first person that barack obama met with in the white house since his election, the labor unions, the labor block, that tells a lot who is driving policy at least at the start of the second term? and the labor unions basica
you know, when john boehner appears, they say are you willing to accept higher rates. no one says what are you going to do about entitlements or anything, there's no question of the president whether he will compromise and what that would look like. >> paul: steve, what do you think the republicans ought to do here? is there a way out for them or are they going to be pushed back into a corner where they have no choice, but to concede that they have to raise tax rates or else go over the...
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Nov 20, 2012
11/12
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what is boehner's intel here? >> because john boehner is smart enough to know he needs to keep paul ryan as close to him as possible. remember, you have paul ryan is part of the young guns. so they caused a little mischief the last time we tried this. this is less about having faith in paul ryan's actual ideas and more about politics. and sort of keeping his close, keeping him engaged, busy doing something so he's not out there making mischief. >> rana, it seems maybe that conservatives are coming to grips with the notion that there may be a tax increase on upper income earners e. i point you to bill crystal saying the unspeakable. let's take a listen. >> there will be a deal by december 31st. i believe republicans will yield on top rates. president obama ran twice and won two elections. he didn't raise rates in 2009. we were in the midst of horrible downturn. they were able to bargain to a deal. i don't think republicans have the lemplg or that it's worth using whatever leverage they have to maintain rates at 35%
what is boehner's intel here? >> because john boehner is smart enough to know he needs to keep paul ryan as close to him as possible. remember, you have paul ryan is part of the young guns. so they caused a little mischief the last time we tried this. this is less about having faith in paul ryan's actual ideas and more about politics. and sort of keeping his close, keeping him engaged, busy doing something so he's not out there making mischief. >> rana, it seems maybe that...
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boehner and mcconnell still in charge. although they did better and you could argue there's no reason. are you surprised there's not a push to change leaders inside your party even if it's just the face of the party a little bit? >> it's difficult. within the house there is -- i think there will be a battle for the conference chair. >> but it's a -- >> i'm surprised, yeah, but at the same time, we need strong leadership and a strong speaker and i think boehner can do a good job -- >> looks like he's going to get more political leeway. he doesn't have eric cantor. it seems like there's for trust between the two but, jackie, if the american people had known they not only were re-electing status quo but the same people are in the room that gave us the gridlock, i wonder how that ballot would have turned out. >> i wonder if he said it's going to be the same people in the room, and, you know, a lot of this is going to be theater. we were talking about that for the first couple of days, hopefully not weeks but there will be a lo
boehner and mcconnell still in charge. although they did better and you could argue there's no reason. are you surprised there's not a push to change leaders inside your party even if it's just the face of the party a little bit? >> it's difficult. within the house there is -- i think there will be a battle for the conference chair. >> but it's a -- >> i'm surprised, yeah, but at the same time, we need strong leadership and a strong speaker and i think boehner can do a good...
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Nov 19, 2012
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two, house leader boehner has to get re-elected by his party in january. he's not going to put a big deal in front of that. flip side is, no deal. i don't think the president will let that happen because he doesn't want to start his second term as president the way he started the first which was in a recession. but finally, what people fail to forget -- congress needs to go home for holidays. if they go home with no deal they will be criticized by their constituents. >> there are very few working days left when congress comes back from this thanksgiving break. >> remember what happened. t.a.r.p.? they didn't approve it. went home for the holidays, got criticized, came back and approved it. >> you see some stort of stopgap that averts the immediate tax hikes an spending cuts as of january 1, and that there is then some commitment to do a broader tax reform in 2013. >> correct. >> and that might be tied to raising of the debt ceiling. might'nt it. >> i think that's the next big date, mid-february when the treasury runs out of money, the debt ceiling is hit.
two, house leader boehner has to get re-elected by his party in january. he's not going to put a big deal in front of that. flip side is, no deal. i don't think the president will let that happen because he doesn't want to start his second term as president the way he started the first which was in a recession. but finally, what people fail to forget -- congress needs to go home for holidays. if they go home with no deal they will be criticized by their constituents. >> there are very few...
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Nov 16, 2012
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what did traders seem to say as you were getting comments from reid, pelosi, boehner and mcconnell? >> trading's so low on the lower end of the trading range, i mentioned yesterday, scott, 1340. we flirted with it today. 1343 the low in the cash. we bounced from there. bounce levels are 1370, 1395. the fact that we're just shy of that, just means that everyone is a little suspect of what's truly going to happen once these fiscal cliff dialogues ratchet up. i would be a seller of these bounces. >> what a significant pop seeing in the stock market, guys. throw up the dow industrials on an intraday. in fact, throw up all three intraday charts because you're going to see quite a dramatic reversal. the dow industrials up 48 points. highs of the day, again, down 50 to 60 points or so as the wraps wrapping up and positive comments of the leaders in the room with the president today. unless you have a rally on wall street and let's get to washington to the north lawn of the white house where john harwood is. this seemed to go as well as one could hope thus far, at least. >> reporter: i thin
what did traders seem to say as you were getting comments from reid, pelosi, boehner and mcconnell? >> trading's so low on the lower end of the trading range, i mentioned yesterday, scott, 1340. we flirted with it today. 1343 the low in the cash. we bounced from there. bounce levels are 1370, 1395. the fact that we're just shy of that, just means that everyone is a little suspect of what's truly going to happen once these fiscal cliff dialogues ratchet up. i would be a seller of these...
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Nov 13, 2012
11/12
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CURRENT
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quick to say yeah, let's follow the boehner thing. when you look at what boehner is saying about how to avoid the fiscal cliff he's not saying we're going to agree with president obama on anything yet right? >> not yet. at least publicly, he's just reheating the old romney proposal which is if you close deductions, that's where you get your revenue. not from letting the high end tax cuts expire. the high-end tax cuts expire. what obama had been campaigning on and what voters want overwhelmingly. so you know, the administration has actually been fairly optimistic about where boehner is and negotiating with boehner and negotiating maybe with some of the rank and file who are more likely to come to an agreement. maybe go into the senate. and doing this very publicly. they're meeting with a lot of groups with labor groups, with business groups and they've learned their lesson. this idea that in 2011 last year, they could just sit in a room with boehner, hatch out a deal and all would be done. clearly didn't work out very well. after the e
quick to say yeah, let's follow the boehner thing. when you look at what boehner is saying about how to avoid the fiscal cliff he's not saying we're going to agree with president obama on anything yet right? >> not yet. at least publicly, he's just reheating the old romney proposal which is if you close deductions, that's where you get your revenue. not from letting the high end tax cuts expire. the high-end tax cuts expire. what obama had been campaigning on and what voters want...
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Nov 14, 2012
11/12
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CNBC
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the president didn't offer any specific thing along the lines what have we heard from john boehner last week, okay, we're there on reven on the table, we'll meet you there. i didn't hear any specific -- >> don't we already have a structure? wasn't that erskine-bowles? it is another committee. >> it is a step back i think from the idea of a deal right now that would trade entitlement reform for tax increases. it sounds to me like it's tax increases for the wealthy in return for a commitment to discuss entitlement reform. >> what you did hear from the president is a statement that the american people knew what they were get what they re-elected me. he also said there is a big contrast between me and mitt romney on the campaign trail and i'm the guy who won the election. >> as one of our smart viewers tweeted in which i thought was so smart -- it's all fun and games until you have to name specific entitlements you want to cut. right? we need more specifics from both sides. all right, going to a break here but after the break, steve leisman, stick around. we also have something today called
the president didn't offer any specific thing along the lines what have we heard from john boehner last week, okay, we're there on reven on the table, we'll meet you there. i didn't hear any specific -- >> don't we already have a structure? wasn't that erskine-bowles? it is another committee. >> it is a step back i think from the idea of a deal right now that would trade entitlement reform for tax increases. it sounds to me like it's tax increases for the wealthy in return for a...
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Nov 17, 2012
11/12
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CNBC
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that's what boehner wants to do. what boehner said the day after the zbl the -- >> no, let me pick you up on that. that would be very bullish. i happen to totally agree with you. and that's exactly what speaker john boehner wants to do. that is precisely what he wants to do. essentially have tax reform and have entitlement reform and have it laid out so it it all gets done next year. this year is the down payment. >> that's right. >> now, don, is it too early, though, to make a bet on any of this? that's really what i'm asking. between now and year end, when the bush tax cuts expire at year end, what's a stock market investor to do? you're going to go up, you're going to go down. you saw today you had a is 00-point swing. but that's no way to be invested. what is your advice on how investors play this fiscal debate? >> i understand the sentiment that the wise thing to do is to take a long-term perspective. but every once in a while we experienced this in the summer of 2008. we're experiencing it again now. every once
that's what boehner wants to do. what boehner said the day after the zbl the -- >> no, let me pick you up on that. that would be very bullish. i happen to totally agree with you. and that's exactly what speaker john boehner wants to do. that is precisely what he wants to do. essentially have tax reform and have entitlement reform and have it laid out so it it all gets done next year. this year is the down payment. >> that's right. >> now, don, is it too early, though, to make...
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Nov 15, 2012
11/12
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the president's chief negotiating adversary right now, speaker john boehner who was re-elected by house republicans yesterday said they're not ready to accept the president's proposal because it would, quote, hurt our economy and make jobs more difficult. but he also sounded the kumbaya theme. >> now, i do think that the spirit of cooperation that you've seen over the last week, from myself and my team. from democrats across the aisle. from the president. have created an atmosphere where i think that, i remain optimistic. >> folks, there are a lot closer than sometime the bravadoish headlines seem to make clear. this is really about what can boehner take to 50 to 100 house republicans who are willing to temporarily potentially raise some tax rates on some group of wealthier americans? >>> by the way, after $6 billion spent on house senate and presidential campaign, not only did party control not change for the house, senate and white house. but the individual leaders who will begin the negotiations tomorrow, it's the exact group of people. there are some personnel changes but not on tha
the president's chief negotiating adversary right now, speaker john boehner who was re-elected by house republicans yesterday said they're not ready to accept the president's proposal because it would, quote, hurt our economy and make jobs more difficult. but he also sounded the kumbaya theme. >> now, i do think that the spirit of cooperation that you've seen over the last week, from myself and my team. from democrats across the aisle. from the president. have created an atmosphere where...
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Nov 12, 2012
11/12
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FOXNEWSW
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speaker boehner could envision tax reform closing loopholes in a way that would increase revenue but the critics are skeptical. but conservative columnist bill kristol shocked the g.o.p. with this comment yesterday. >> it won't kill the country if we raise taxes on millionaires. it won't. i don't understand why republicans don't take obama's offer to freeze taxes for everyone below $250,000. >>reporter: he asked why the republican family should fall on its sword for a bunch of millionaires who live in hollywood and voted democrat anyway. >>shepard: what is the president doing differently? >>reporter: aside from promoting his over referendum he will meet with business and labor leaders tomorrow and wednesday at the white house before meeting with congressional leaders. instead of late-night twisting arms in the cabinet room as he tried last year, the president may do a couple of rallies outside the beltway to remind lawmaker how americans voted. >> tuesday we found out the majority of americans agree with my approach, democrats, independents, and some republicans. new we need a majori
speaker boehner could envision tax reform closing loopholes in a way that would increase revenue but the critics are skeptical. but conservative columnist bill kristol shocked the g.o.p. with this comment yesterday. >> it won't kill the country if we raise taxes on millionaires. it won't. i don't understand why republicans don't take obama's offer to freeze taxes for everyone below $250,000. >>reporter: he asked why the republican family should fall on its sword for a bunch of...
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Nov 16, 2012
11/12
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. >> reporter: in the meeting, house speaker john boehner proposed leaders establish a framework in the next six weeks for wide scale reform of the tax code, medicare, and social security in 2013. the goal would be to set specific targets now for savings from those reforms. that would negate the need for steep spending cuts congress called for last year that are set to kick in on january 1, the same day the bush tax cuts are set to expire. that damaging combo has been come to be known as the fiscal cliff. while democrats often balling at any mention of entitlement reform, today nancy pelosi signaled a new openness. >> do we want to have savings from everything that we do? certainly? so we need revenue, we need savings, we need growth. >> reporter: leader pelosi said there appeared to be interest in a big deal, about four trillion dollars worth of deficit redictions along the lines of the grand bargain that fell apart wean the president and speaker boehner last year, anthony. >> mason: nancy, there are just 46 days until the new year. what can they really hope to accomplish in that time?
. >> reporter: in the meeting, house speaker john boehner proposed leaders establish a framework in the next six weeks for wide scale reform of the tax code, medicare, and social security in 2013. the goal would be to set specific targets now for savings from those reforms. that would negate the need for steep spending cuts congress called for last year that are set to kick in on january 1, the same day the bush tax cuts are set to expire. that damaging combo has been come to be known as...
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Nov 12, 2012
11/12
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in terms of raising revenue which boehner grew about. if you grew the economy at reagan levels instead of two percent and obama and french levels, just growing faster and do that for a decade, the federal government gets trillions in taxes. we could undo the damage by having higher growth. >> gretchen: that's the difference in ideology. raise it to 3#.9 percent x. replace the alternative minimum tax with the buffet and raise the state tax and long-term capitol gains from 15-20. where do you think that those four points will go in negotiations with the republicans? >> mr. boehner said one thing he's not willing to give up on is maintaining the 35 percent top rate. obama wants 39.6 percent. it is rather significant increase. the obama care tax increase. he takes the tax rate on half of all maul - on small business fall in the higher tax rate of 44 percent and up from 35 percent that. is a body blow to small businesses . obama doesn't care. they are not unionized and don't help him out. we have to protect that part of the country and focus
in terms of raising revenue which boehner grew about. if you grew the economy at reagan levels instead of two percent and obama and french levels, just growing faster and do that for a decade, the federal government gets trillions in taxes. we could undo the damage by having higher growth. >> gretchen: that's the difference in ideology. raise it to 3#.9 percent x. replace the alternative minimum tax with the buffet and raise the state tax and long-term capitol gains from 15-20. where do...